MARKET TODAY
Key benchmark indices are likely to open flat due to mixed global cues. US stocks ended mixed yesterday as investors turned cautious ahead of the Federal Reserve's meeting on interest rates. Asian stock markets were making modest gains after Wall Street ended a mixed finish. However, market is likely to continue to be rangebound as investors awaiting the outcome of the U.S. Federal Open Market Committee meeting later in the day. Continued buying by foreign funds and reports that corporate advance tax payments for the fourth quarter have grown by about 20% year-over-year may also boost sentiment.
According to data released by the NSE, in the last session, FIIs were sellers of index futures to the tune of Rs 270.13 crore and sold index options worth Rs 157.29 crore. However, they were net buyers of stock futures to the tune of Rs 51.64 crore while sold stock options worth Rs 3.91 crore.
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